Arxis, Inc. (NASDAQ: ARXS) has successfully completed its acquisition of Omnetics Connector Corporation, valuing the transaction at approximately $770 million.
The acquisition highlights the strategic partnership between Arxis and Arcline Investment Management, which enhances Arxis' operational capabilities and expands its acquisition potential.
This partnership allows Arxis to integrate high-quality businesses with strong market positions, which would be challenging for standalone acquirers.
Omnetics will now operate under Arxis' Electronic Components Segment, further strengthening the company's portfolio.
William Blair & Company, L.L.C. acted as the financial advisor for Arxis, while Vermillion Capital advised Omnetics.